皇冠体育app

Shanghai FTZ starts parallel imports

Lai Xinlin / for 皇冠体育app Daily

The 皇冠体育app (Shanghai) Pilot Free Trade Zone is the first place in 皇冠体育app to authorize so-called parallel imports of cars direct from overseas. However, Shanghai government agencies have set strict restrictions on who can join the new system. Some 20 auto dealers who registered in the zone in January are participating, operating alongside the zone's franchised dealers. The new move in Shanghai is expected to pull down prices of the parallel-import cars 15 to 20 percent lower.

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